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Private Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is delivered to high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ultra High-net-worth Individual
Ultra-high-net-worth individuals (UHNWI) are defined as having a net worth of at least US$30 million in constant 2018 dollars. It is the wealth segment above very-high-net-worth individuals (greater than $5 million) and high-net-worth-individuals (greater than $1 million). Although they constitute only 0.003% of the world's population (less than 1 in 33,000), they hold 13% of the world's total wealth. By 2017, there were 226,450 individuals designated as UHNWI, representing an increase of 3.5%, with their combined total wealth increasing to $27 trillion. Definitions and ranking Ultra-high-net-worth individuals are defined in the report as having a net worth of at least US$30 million in investible assets net of liabilities (after deducting residential and passion investments such as art, planes, yachts and personal real estate). At last count, there were 211,275 UHNW individuals in the world, with a total combined net worth of US$29.7 trillion. Billionaires are a special catego ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Julius Baer Group
Julius Bär Group AG, known alternatively as Julius Baer Group Ltd., is a private banking corporation founded and based in Switzerland. Headquartered in Zürich, it is among the older Swiss banking institutions. In terms of assets under management, Julius Baer is number three among Swiss banks after the two generalists UBS and Credit Suisse and the biggest pure-play private bank. Established as a traditional private bank and named after Swiss banker Julius Bär, it provides investment management, real estate financing, wealth management, and select offerings in sales and trading based on an open and managed architecture. The majority of income is generated by commissions and service fees. Located in 28 countries, it is known for its banking secrecy and client confidentiality. Julius Baer employs a staff of over 6,600 worldwide. The group manages assets for private clients from all over the world. The firm's services consist mainly of wealth management and investment consult ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNP Paribas
BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the group's parent entity is BNP Paribas S.A. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). The group is listed on the first market of Euronext Paris and a component of the Euro Stoxx 50 stock market index, while it also included in the French CAC 40 index. BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world, essentially a bulge bracket. It became one of the five largest banks in the world following the 2008 financial crisis. Despite some legal difficulties in 2014, including being fined the largest ever s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citi Private Bank
Citi Private Bank, a subsidiary of multinational banking conglomerate Citigroup, markets Private banking services for ultra high-net-worth individual clients, including entrepreneurs and senior corporate executives. It has 60 offices in 23 countries. Citi Private Bank's major competitors are JP Morgan Chase, Goldman Sachs, Bank of America Private Bank, UBS, and HSBC Private Bank. Products and services Its Private banking services are divided between ultra-high net-worth clients, Family Office A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50-$100 million in investable assets, with the goal being to effectively grow and transfer ...s and Law Firm groups, which focus on servicing the needs of ultra-high net-worth individuals, family offices and law firms and their lawyers. Formerly part of Global Wealth Management, Citi Private Bank is now part of Citi's Institut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.774 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important bank by the Financial Stability Board. As a " Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, wealth man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Suisse
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also primary dealer and Forex counterparty of the Fed. Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Bost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America Merrill Lynch
BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch & Co. following the acquisition of the latter by the former in January 2009. History Bank of America completed the acquisition of Merrill Lynch & Co on January 1, 2009. Bank of America began rebranding all of its corporate and investment banking activities under the ''Bank of America Merrill Lynch'' name in September 2009. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ALM (company)
ALM (formerly American Lawyer Media) is a media company headquartered in the Socony–Mobil Building in New York City, and is a provider of specialized business news and information, focused primarily on the legal, insurance, and commercial real estate sectors. The company was started in 1979 by Steven Brill to publish ''The American Lawyer''. Organization ALM owns and publishes 33 national, regional, and international magazines and newspapers, including ''Credit Union Times'', ''The American Lawyer'', the ''New York Law Journal'', ''Corporate Counsel'', ''The National Law Journal'', ''The Legal Intelligencer'', ''Legal Times'', ''GlobeSt.com'', and ''Real Estate Forum'', as well as the ''Law.com'' and ''Law.com International'' brands. The company also produces conferences and trade shows for business leaders and the legal profession. Law Journal Press, ALM's professional book imprint, publishes over 130 treatises on a broad range of legal topics. Other ALM businesses inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brokerage Firm
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. Definition A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate or stock broker who facilitates the sale of a property. Brokers can furnish market research and market data. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers. They then screen these potential buyers or sellers for the perf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Capital
Goldman Sachs Personal Financial Management, is a division of Goldman Sachs responsible for wealth management of high-net-worth individuals. It has 74 offices in the United States and manages $25 billion in assets. History Goldman Sachs Personal Financial Management was founded in 2005, under the name United Capital, as a national network of independent advisory firms. The company was initially founded, financed and developed by Joe Duran and his business colleagues. By 2010, United Capital had over 150 employees and $30 million in revenue. By 2008, following several acquisitions of investment advisory firms such as Maul Capital Management, Integrated Financial Management, and Trevethan Capital Partners, United Capital was operating with 47 offices and 350 employees. The company made its largest acquisition in 2012 when it acquired Zirkin, a $1.6 billion firm that was previously part of M&T Bank. United Capital was acquired by Goldman Sachs Goldman Sachs () is an American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
